Holiday on Friday
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The markets will be closed on Friday for Reagan's Funeral. This means pretty much everything that matters in New York City will be shutdown. IMO, a loss of an entire business day - which I guess equates to Xillions of dollars lost - at a time when the economy is just getting back to normal, is unwarranted. Observing a 2 minute silence during the funeral would have been a better way of remembering the President and more in line with the idea of capitalism that he championed. There are no failures.. only extended learning opportunities.
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The markets will be closed on Friday for Reagan's Funeral. This means pretty much everything that matters in New York City will be shutdown. IMO, a loss of an entire business day - which I guess equates to Xillions of dollars lost - at a time when the economy is just getting back to normal, is unwarranted. Observing a 2 minute silence during the funeral would have been a better way of remembering the President and more in line with the idea of capitalism that he championed. There are no failures.. only extended learning opportunities.
The closing of the stock markets for an entire day is not the same as the loss of an entire business day. Is every one in the US taking the day off? I don't think so. X| Chris Meech I am Canadian. [heard in a local bar] I think people should be required to have an operator's permit to use the internet. John Simmons
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The markets will be closed on Friday for Reagan's Funeral. This means pretty much everything that matters in New York City will be shutdown. IMO, a loss of an entire business day - which I guess equates to Xillions of dollars lost - at a time when the economy is just getting back to normal, is unwarranted. Observing a 2 minute silence during the funeral would have been a better way of remembering the President and more in line with the idea of capitalism that he championed. There are no failures.. only extended learning opportunities.
retZ wrote: IMO, a loss of an entire business day - which I guess equates to Xillions of dollars lost I am pretty sure that the markets closing will not result in the loss of a "Xillion" dollars (ever how much that is). As far as I know business owners are free to stay open if they choose...you will still be able to get your Big Mac and fries or whatever else makes you happy...the gas companies will still be gouging...life will go on. Non essential federal government agencies will be shutting down and that can only be a good thing...a cause for celebration even as we are mourning. Gary Kirkham A working Program is one that has only unobserved bugs He is no fool who gives what he cannot keep to gain what he cannot lose. - Jim Elliot Who you are in Christ
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retZ wrote: IMO, a loss of an entire business day - which I guess equates to Xillions of dollars lost I am pretty sure that the markets closing will not result in the loss of a "Xillion" dollars (ever how much that is). As far as I know business owners are free to stay open if they choose...you will still be able to get your Big Mac and fries or whatever else makes you happy...the gas companies will still be gouging...life will go on. Non essential federal government agencies will be shutting down and that can only be a good thing...a cause for celebration even as we are mourning. Gary Kirkham A working Program is one that has only unobserved bugs He is no fool who gives what he cannot keep to gain what he cannot lose. - Jim Elliot Who you are in Christ
Gary Kirkham wrote: you will still be able to get you Big Mac and fries or whatever else makes you happy. You are partially right. If the markets are closed then hundreds of financial firms in the city which employ hundreds and thousands of people are all closed. For example, why should a brokerage firm remain open on a day when the market is closed ? This means loss of business and hence dollars. Also, there will be less people getting into the city for work from other states/cities and hence less people buying Big Macs :) There are no failures.. only extended learning opportunities.
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The markets will be closed on Friday for Reagan's Funeral. This means pretty much everything that matters in New York City will be shutdown. IMO, a loss of an entire business day - which I guess equates to Xillions of dollars lost - at a time when the economy is just getting back to normal, is unwarranted. Observing a 2 minute silence during the funeral would have been a better way of remembering the President and more in line with the idea of capitalism that he championed. There are no failures.. only extended learning opportunities.
They should do this more often (close the markets, don't get morbid). According to Warren Buffet (second richest man in the world, and made it all in the market) the stock market should only open twice a year, and only for a few minutes. With computers we can now do that, matching buyers and sellers during that time to find a price. People forget the stock market is just a proxy for the ecconomy, and not the ecconomy.
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They should do this more often (close the markets, don't get morbid). According to Warren Buffet (second richest man in the world, and made it all in the market) the stock market should only open twice a year, and only for a few minutes. With computers we can now do that, matching buyers and sellers during that time to find a price. People forget the stock market is just a proxy for the ecconomy, and not the ecconomy.
IMHO, you and Warren Buffet are correct. I'd actually have thought for one day every month would have been OK. That way better analysis of stocks worth would be done rather than silly speculation by buyers. Also the markets being closed doesn't stop private deals. Regardz Colin J Davies
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**The minion's version of "Catch :bob: "It's a real shame that people as stupid as you can work out how to use a computer. said by Christian Graus in the Soapbox